Quick Answer
Lucid Group, Inc. reported R&D Expense of $1.21 billion for fiscal year 2025.
Lucid Group, Inc. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $1.21B | +3.0% |
| 2024 | $1.18B | +25.6% |
| 2023 | $937.01M | +14.1% |
| 2022 | $821.51M | +9.5% |
| 2021 | $750.18M | +46.8% |
| 2020 | $511.11M | +132.1% |
| 2019 | $220.22M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $325.31M | +0.3% | +18.8% |
| June 30, 2025 | $273.84M | -4.6% | +9.0% |
| March 31, 2025 | $251.25M | -11.7% | -22.5% |
| September 30, 2024 | $324.37M | +40.6% | +13.0% |
| June 30, 2024 | $287.17M | +23.0% | +0.9% |
| March 31, 2024 | $284.63M | +23.9% | +23.3% |
| September 30, 2023 | $230.76M | +8.0% | -1.2% |
| June 30, 2023 | $233.47M | +16.5% | +1.6% |
- Lucid Group, Inc. showed an increase of +3.0% in R&D Expense compared to the prior fiscal year.
- Over the 2019–2025 period, Lucid Group, Inc.’s r&d expense has grown by 450.1% (from $220.22 million to $1.21 billion).
- The most recent figure is from Lucid Group, Inc.’s fiscal year 2025 report (Form 10-K), filed with the SEC on February 24, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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